July 12, 2014

Global July proved to be a mixed month for global equity markets with the MSCI World posting a -1.7% (USD) return dragged lower by Japan (-2.3%), Europe(-1.9%) and the UK(-1.9%), whilst the US bucked the trend posting 0.3%. Emerging Markets fared better with the MSCI EM Index returning 1.4% (USD) led higher by China and Indonesia. Global bond markets dropped 0.4% (USD), as measured by the Citigroup World Government Bond Index. Read the full article Domestic Locally, the JSE was up, returning 0.9% (ZAR) in July with Resources (5.1%) and Financials (1.2%) positive whilst Industrials fell 1%. Nominal fixed interest markets also reflected gains with the All Bond Index returning 1.0% while their inflation linked counterparts fell 0.1%. Following hard on the heels of a five month economically crippling strike in the platinum industry the 1st of July saw NUMSA... Read More